Commodities: Gold at $1305, WTI Oil at $58.97, Palladium through $1600 for the first time.
Currencies: Swedish Krona weakness unnerving markets. Indian Rupee gone from worst to best performing currency. GBP while weaker following Westminster’s events yesterday, is attracting increasing interest and more expectation of a rally. USD weaker versus EUR.
Equities: FTSE 7324, Dow 25,887.
I0 year Govt Yields: US 2.61, Germany 0.10, UK 1.18, France 0.47, Italy 2.49, Japan -0.05
FUNEX? S, V F X. -Must be said out loud in the accent of a German in a disaster movie
Just in from the Swiss gnomes at Zurich University: in the past several thousand years as our diets have improved, so has our ability to enunciate certain letters and in particular F and V. Lots of Swiss science behind this one but when you say in your best Swiss accent: “SVFX” it is down no doubt more to your 5 a day than your battered Mars bars:
Meanwhile…..S, VFX……Yes Ve Haf Eggs …………and nice the way that FX features!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Germany The German business climate was slated to rise in July but instead it fell in terms of both current and also future expected business conditions as reflected in the IFO Index made up of manufacturing, services, trade and construction sectors as submitted by 9000 firms. Germans wishing doubtlessly that they could be as strongly […]
UK Energy Apart from announcing that there will be no further North Sea drilling licences issued, newly minted Uk Energy Minister Ed Miliband has wasted no time in greenlighting three huge new solar farms in Lincolnshire, Cambridgeshire and Suffolk. Sufficient to power 400,000 homes with an output of 1.4 GW the solar farms will cover […]
British Pound GBP is currently in fashion: with a record number of long positions and currently at the top of the G7 currency performance charts and after a period of being deeply unfashionable GBP is wanted-in a good way. The reasons for this are diverse: first off is the Bank of England’s caution on cutting […]